The coronavirus pandemic took a bite out of McDonald's profits and the Big Mac maker said on Tuesday it plans to focus on affordability in upcoming marketing campaigns, as US consumer surveys reveal mounting recession fears. But while there is still a lot of uncertainty because of COVID-19, executives expect the second quarter to be the low mark for the year.
The United States has doubled its investment - to nearly US$1 billion - to expedite the development of a potential COVID-19 vaccine by American firm Moderna, which on Monday begins the decisive final phase of clinical trials.
Devastated by the loss of customers during the virus crisis, around 40,000 bars, hotels, and restaurants in Spain have permanently closed, the hotel and catering industry said. The figure amounts to 13% of such establishments in Spain, a country in which tourism plays a major role in the economy, and where the population tends to eat out very often, Spain's hostelry federation said.
Bahamas Paradise Cruise Line announced on Monday an extended delay to the resumption of its sailing operations.
Royal Caribbean International has delayed the construction of the world’s largest cruise ship as the coronavirus pandemic continues.
Wind energy is advancing in Brazil and now represents 9% of the energy matrix the state of Ceará, northeast, ended 2018 with 2,050.5 MW of installed wind power capacity, in 80 wind farms.
British Airways, the world's largest operator of Boeing's 747, said it would retire its entire jumbo jet fleet with immediate effect due to the downturn in the travel industry caused by the coronavirus pandemic.
British contractor BAM Nuttall is set to start work at the end of this month on a new port for the Falklands Islands. The existing facilities will be replaced. BAM Nuttall was chosen by the Falkland Islands Government (FIG) in February to carry out the design and build contract for the new port. The contract was signed in early April but was suspended due to the Covid-19 pandemic.
China warned British Prime Minister Boris Johnson on Wednesday that his decision to ban Huawei from the 5G network would cost Britain dearly in investment, casting the move as the result of politicized pressure from U.S. President Donald Trump.
Apple scored a major win on Wednesday as Europe's second-highest court rejected an EU order for the iPhone maker to pay 13 billion euros (US$15 billion) in Irish back taxes, dealing a blow to the bloc's attempts to crack down on sweetheart tax deals.